HomeBuilder adds to construction costs
By Bianca Dabu
18 May 2021
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1 minute read
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Housing construction costs have risen for the sixth consecutive quarter as dwelling approvals surge in response to the recently expired HomeBuilder, according to CoreLogic.
The latest Cordell Housing Index Price (CHIP) – CoreLogic’s national measure of residential construction costs – showed a 0.8 per cent increase over the three months to March 2021, making it the sixth consecutive quarter where costs have risen, albeit by 1.0 per cent or less.
CHIP measures the rate of change of construction costs within the residential market and covers freestanding and semi-detached single and two-storey dwelling homes. It covers several key categories, including brickwork, roofing insulation, doors and hardware, painting, electrical services, carpentry and more.
But in an interview for the new book
Red Zone: China’s Challenge and Australia’s Future, written by this correspondent, Morrison said the two countries were still dealing with each other. “The relationship still exists, look at trade alone – there have never been bigger volumes. That’s a bit of a proof point. When all’s said and done, there’s still great value in the relationship,” he said. Asked whether Beijing’s economic coercion resembled the traditional Chinese lion dance, more dance than bite, the Prime Minister replied: “I don’t think that’s an unfair analysis. [But] it’s harder to make [that claim] now than a couple of years ago.”
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